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Crude Oil Futures & Economic Reports 11.14.2014

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

Hello Traders,

Tried to think about something worth sharing, information that can help traders and to be honest I could not think of anything I have not shared with you before so Decided to share a weekly chart of crude oil futures as we are sitting against MAJOR weekly support level at a 4 year lows. It will be interesting to see if we consolidate around here, have an initial bounce or break through and continue the slide we have seen. The next FIB level I draw on the weekly is at 53.90 just an FYI since you can not see it on the chart below.
PS: Crude Oil is one of the more active/volatile markets out there and is an interesting day trading market to say the least……

GOOD TRADING !

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past performance is not indicative to future results.

 

If you like Our Futures Trading Daily Support and Resistance Levels, Please share!


Futures Trading Levels

Contract Dec. 2014 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2061.08 4263.00 17779 1205.63 88.22
Resistance 2 2052.42 4245.00 17720 1198.07 88.09
Resistance 1 2044.08 4227.50 17661 1186.33 87.96
Pivot 2035.42 4209.50 17602 1178.77 87.83
Support 1 2027.08 4192.00 17543 1167.03 87.70
Support 2 2018.42 4174.00 17484 1159.47 87.57
Support 3 2010.08 4156.50 17425 1147.73 87.44
Contract Dec. Gold Dec.Silver Dec. Crude Oil Dec. Bonds Dec. Euro
Resistance 3 1182.3 16.00 79.59 142 2/32 1.2572
Resistance 2 1174.8 15.89 78.37 141 24/32 1.2534
Resistance 1 1167.9 15.74 76.50 141 16/32 1.2506
Pivot 1160.4 15.64 75.28 141 6/32 1.2468
Support 1 1153.5 15.49 73.41 140 30/32 1.2440
Support 2 1146.0 15.38 72.19 140 20/32 1.2402
Support 3 1139.1 15.23 70.32 140 12/32 1.2374
Contract Dec Corn Dec. Wheat Jan. Beans Dec. SoyMeal Dec. bean Oil
Resistance 3 396.5 553.8 1081.33 421.17 32.78
Resistance 2 392.3 553.8 1073.17 414.43 32.60
Resistance 1 389.3 553.8 1063.33 403.97 32.34
Pivot 385.0 553.8 1055.17 397.23 32.16
Support 1 382.0 553.8 1045.3 386.8 31.9
Support 2 377.8 553.8 1037.17 380.03 31.72
Support 3 374.8 553.8 1027.33 369.57 31.46


Economic Reports

source: http://www.forexfactory.com/calendar.php

All times are Eastern time Zone (EST)

 

Date 3:57pm Currency Impact Detail Actual Forecast Previous Graph
FriNov 14  1:30am EUR French Prelim GDP q/q 0.1% 0.0%
2:00am EUR German Prelim GDP q/q 0.1% -0.2%
2:45am EUR French Prelim Non-Farm Payrolls q/q 0.2% 0.1%
4:00am EUR Italian Prelim GDP q/q -0.1% -0.2%
5:00am EUR Final CPI y/y 0.4% 0.4%
EUR Flash GDP q/q 0.1% 0.0%
EUR Final Core CPI y/y 0.7% 0.7%
8:30am USD Core Retail Sales m/m 0.2% -0.2%
USD Retail Sales m/m 0.2% -0.3%
USD Import Prices m/m -1.7% -0.5%
9:55am USD Prelim UoM Consumer Sentiment 87.3 86.9
USD Prelim UoM Inflation Expectations 2.9%
10:00am USD Business Inventories m/m 0.3% 0.2%
USD Mortgage Delinquencies 6.04%
10:30am USD Natural Gas Storage 37B 91B
4:00pm USD FOMC Member Fischer Speaks
Day 1 ALL G20 Meetings


This is not a solicitation of any order to buy or sell, but a current market view provided by
Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading.

 

Tags: > > Posted in: Crude Oil   | Future Trading News  

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